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The trader seeks to release profits of the intermediation on operations of purchase and sale or loan and loan, while minimizing the risk. His objective is to manage a risk engaged by a standpoint on the market. According to the desk occupied by the trader, the position will be taken with his own initiative or on the initiative of a customer. The duration of behavior of the position will be more or less long. The traders are generally specialized by segment of the financial market, except those which one calls “Sales”, who, are in liaison with the customers. For example, the trader actions is contacted (via “Sales”) by a customer wishing to sell a given quantity of a company’s actions. According to his liquidity and market trend, the trader gives a price to his customer and buys the actions at this price. It thus takes a position with the purchase on these actions. Once the position taken, the trader must manage the risk carried by the action in question. If it anticipates a rise in the price of the held title, he determines an exit point, a price to resells the titles in order to release an appreciation. If it anticipates fall, he must resell them rather quickly to get rid of the risk. The traders are generally specialized by segment of the financial market. Indeed, within the same bank of investment, the trading floor is organized by desks (offices). Each desk has its specialization (actions, produced vanilla and exotics, currencies…). Moreover, on each desk, each trader has a horizon of different time.
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